Trade recap for April 23rd

Brief trade recap for Friday:

Daily profit: ($390.87)

Weekly profit: $4,594.75
Disclosure: Short 40,000 BLUG, short 10,350 BGBR and long 10,350 BGBR. No positions in any other stock mentioned. This blog has a terms of use that is incorporated by reference into this post; you can find all my disclaimers and disclosures there as well.

9 thoughts on “Trade recap for April 23rd”

  1. What is the strategy behind going net natural, is there something you can direct me to read to learn about the advantages of this. Pretty new to trading so just trying to learn.

    1. He could simply buy-to-cover, but that would release his borrowed shares and allow others to borrow those shares. He wants to keep them for himself, so instead of buying-to-cover, he just buys outright (in another account), which makes him “net neutral” AND retains the right to those borrows. He is long in one account the same number of shares he is short in another account; no market movement will make or lose him money. This gives him the advantage of being “net neutral” while still retaining borrowable shares should he decide to sell shares and become net-short in the future.

  2. Thanks fir the response, when i actually thought about it a little I began to understand the reasoning behind it.

  3. So, I just got an email in my box this evening on GRPR. How do you develop your “pump” lists? Just noticed it was on your blotter under “Pumps” already. Is this some I have to buy a DVD to learn the Pumping “process”?

    Thanks and nice day. Keep it going.

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